HomeMy WebLinkAboutA007 - Letter from Dorsey & Whitney dated March 1, 2022 - March 8 proceedings HORSEY
always ahead
March 1, 2022
Via Email
Diane Voss
City Clerk/City Hall
Ames, Iowa
Re: General Obligation Corporate Purpose Loan Agreements
Our File No. 419370-68
Dear Diane:
We have prepared and attach the necessary proceedings covering the public hearings on
the Loan Agreements and providing for the adoption of a resolution taking additional action with
respect to the General Obligation Corporate Purpose Bonds, Series 2022 (the "Bonds") at the
March 81h City Council meeting. The resolution also authorizes a property tax levy for the fiscal
year beginning on July 1, 2022, in the amount of$1,511,628 for the payment of debt service on
the Bonds.
After it is adopted, a certified copy of the attached resolution must be filed with the Story
County Auditor by no later than close of business on April 15, 2022. Please print extra copies
of the reso upon for this purpose.
The proceedings attached include the following items:
1. Minutes of the meeting covering the hearings, followed by the resolution taking
additional action in connection with the Loan Agreements. This resolution simply sets forth the
City Council's determination to enter into the Loan Agreements in the future, and its adoption
constitutes the "additional action" required by the Iowa Code. The resolution also authorizes the
debt service property tax levy in the next fiscal year.
2. Attestation Certificate with respect to the validity of the transcript.
3. County Filing Certificate of the Story County Auditor relating to the filing of a
certified copy of the resolution in their offices.
If a petition is filed with respect to the proposals to enter into the General Purpose Loan
Agreements, please contact us as soon as possible.
8oi Grand Avenue I Suite 4100 1 Des Moines,IA 1503og-8o02 I T 515.283.1000 I F 515.283•io6o I dorsey.conn
Paget �'� DORSEY
As soon as possible after the City Council meeting, please return one fully executed copy
of all of the completed pages in these proceedings. If you have any questions, please contact Erin
Regan, Cheryl Ritter or me.
Best regards,
John P. Danos
Attachments
cc: Duane Pitcher
Mark Lambert
Roger Wisecup
PFM Financial Advisors LLC
D?RSE.Y&WHITNEY LLY